As of October 27, 2025, 13 joint-stock commercial banks have released their 9-month financial reports. The industry’s profit landscape shows a positive growth trajectory, with interest income from deposits remaining the primary driver. Notably, employee compensation levels at many banks have sustained record highs.
Banking sector salaries in Vietnam continue to outpace the national labor market average. In the first nine months of 2025, average monthly earnings ranged from VND 25 to 50 million per employee, 2-3 times higher than the service-finance sector’s median wage.
Leading the pack is Military Commercial Joint Stock Bank (MB, stock code: MBB). With 18,888 employees as of September 30 (up 249 from year-start), MB allocated over VND 8.296 trillion for personnel expenses in Q1-Q3, averaging VND 49.1 million monthly per employee—the highest among peers reporting 9-month results.
MB recorded Q1-Q3 pre-tax profits of VND 23.139 trillion (up 12% YoY), achieving 73% of its annual target. Consolidated NPLs stood at 1.87% (down 0.36% YoY), while total consolidated assets grew 17.7% to VND 1,329 trillion—among the system’s fastest-growing.
In second place is Vietnam Technological and Commercial Joint Stock Bank (Techcombank, stock code: TCB). Despite a 4% YoY decline in average compensation, its 12,527 employees (up 679) earned VND 46.8 million monthly.
SHB and ACB followed with VND 41.2 million per employee. SHB’s headcount rose by 135 to 6,786, while ACB’s decreased by 268 to 13,022.
Among large-scale banks, VPBank (stock code: VPB) spent VND 7.770 trillion on its 27,700-strong workforce (up 21% YoY), averaging VND 31.3 million monthly. Though lower than top peers, this reflects competitive HR policies amid retail ecosystem expansion.
Below VND 30 million were Kienlong Bank (KLB) at VND 27.1 million and LPBank (LPB) at VND 25.4 million per employee.
These figures represent averages derived from reported income-to-staff ratios and don’t account for positional disparities. Executives may earn hundreds of millions monthly, while tellers or support staff earn tens of millions. Still, with many sectors cutting costs or headcount, banking’s VND 40+ million average underscores its appeal for top talent—a “dream destination” offering stability, benefits, and growth opportunities.
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